Cryptocurrency Analysis and News Portal
Though the Democratic presidential race in the United States may have lost its most forward-thinking candidate when it comes to cryptocurrency, that doesn’t mean it’s not still a hot button issue across party lines. The number of patents and companies associated with cryptocurrencies and blockchains continues to rise in
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The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) is preparing to unveil new regulations around cryptocurrencies, Treasury Secretary Steven Mnuchin said Wednesday.Speaking during a hearing before the Senate Finance Committee, Mnuchin said FinCEN, the nation's financial crimes watchdog, is preparing to roll out some "significant new requirements" around cryptocurrencies,
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The United States Treasury Department has almost completed tests of a blockchain-based grants payment capability as part of the exploration of how the tech can improve such operations.As the Business of Federal Technology reported on Jan. 10, the Treasury Department launched a program designed to discover whether blockchain could
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According to Treasury Secretary Steven Mnuchin, the U.S. government sees no use of diving into cryptocurrency anytime soon.Mnuchin was speaking at the House Financial Services Committee in Washington. The decision to not creating a national digital currency comes after a discussion with Jerome Powell, Chairman of the Federal Reserve. The
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According to a press release published on September 13th, the U.S. Department Of The Treasury is sanctioning three North Korean state-sponsored malicious cyber groups, known by the names of Andariel, the Lazarus Group and Bluenoroff. All have targeted and employed cryptocurrency for their nefarious purposes.In a statement released by the
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While delivering a speech to the Annual International Conference on Counterterrorism, a U.S. Treasury official reaffirmed the U.S. government stand on crypto. The Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker stated that this new class of digital assets could be the next frontier in funding
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The United States Treasury Department announced further sanctions against three North Korean state-sponsored hacker groups, responsible for “North Korea’s malicious cyber activity on critical infrastructure.”Continue to enforce existing U.S. and U.N. sanctions against North KoreaOn Sept. 13, the U.S. Department of Treasury announced sanctions against North Korean hacking groups,
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If Facebook’s crypto project Libra wants to survive in the US, it must ensure building a system that does not let criminals hide, and that is capable of tackling problems associated with terrorism funding and money laundering, said the US Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, on
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It was back in July that Facebook’s Libra was announced and ever since the announcement, it has become the subject of intense scrutiny from lawmakers. It has not only led to the scrutiny of the entire cryptocurrency project announced by Facebook (NASDAQ:FB) but that of the wider cryptocurrency market as well
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Three Chinese nationalists have been charged under the Foreign Narcotics Kingpin Designation Act (Kingpin Act) by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Treasury’s Financial Crimes Enforcement Network (FinCEN). The accused were using cryptocurrencies for money laundering.According to the allegations, the three manufactured and
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